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The COVID-19 pandemic has left Asian Americans more unemployed than Whites, according to a recent report from the US Labor Department.


As more people returned to work, Americas overall unemployment rate improved from 10.2% in July to 8.4% in August but many Asian Americans may not be feeling it.

 

Unemployment had historically been lowest for Asian Americans, which partly earned them the model minority recognition.


But the report, which was published on Friday, shows that the group had a jobless rate of 10.7% in August, only a slight change from 12% in July.


The latest figure far exceeds the unemployment rate of Whites, which came at 7.3% in August and 9.2% in July.


Meanwhile, Black and Hispanic workers had a jobless rate of 13% and 10.5% in August, respectively.


The month of August saw employment growth in government, retail trade, professional and business services, leisure and hospitality, and education and health services.


Asian Americans, however, are overrepresented in sectors that have largely been hit in the health crisis, according to another report from consulting firm McKinsey.


Most notably, the racial group owns 26% of all restaurants and hotels in the U.S., many of which shut down in an effort to curb further financial damage.



Source: https://nextshark.com

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Asian Americans are becoming more unemployed than White workers

Tap "WorldWire" above  to follow us




The COVID-19 pandemic has left Asian Americans more unemployed than Whites, according to a recent report from the US Labor Department.


As more people returned to work, Americas overall unemployment rate improved from 10.2% in July to 8.4% in August but many Asian Americans may not be feeling it.

 

Unemployment had historically been lowest for Asian Americans, which partly earned them the model minority recognition.


But the report, which was published on Friday, shows that the group had a jobless rate of 10.7% in August, only a slight change from 12% in July.


The latest figure far exceeds the unemployment rate of Whites, which came at 7.3% in August and 9.2% in July.


Meanwhile, Black and Hispanic workers had a jobless rate of 13% and 10.5% in August, respectively.


The month of August saw employment growth in government, retail trade, professional and business services, leisure and hospitality, and education and health services.


Asian Americans, however, are overrepresented in sectors that have largely been hit in the health crisis, according to another report from consulting firm McKinsey.


Most notably, the racial group owns 26% of all restaurants and hotels in the U.S., many of which shut down in an effort to curb further financial damage.



Source: https://nextshark.com

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